The following unemployment statistics were reported on July 16, 2009 by the New York State Department of Labor on its website. New York State’s unemployment rate increased to 8.7 percent in June 2009, its highest level since October 1992. New York City’s rate increased to 9.5 percent in June (the highest level since July 1997), while the rate outside of New York City climbed to 8.2 percent, the highest since June 1983. In June 2009, the number of unemployed state residents jumped to 854,200, the greatest number on record (current data extend back to 1976). The report is here.
Published By Stanley D. Baum, New York ERISA attorney. Handling matters in ERISA, employee benefits, executive compensation, disability, and employment law for employers, individuals and unions.